Find the consumers surplus and the producers surplus

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Reference no: EM131392628

Find the consumers' surplus and the producers' surplus at the equilibrium level for the given price-demand and price-supply equations.

p = D(x) = 39 - .07x; p = S(x) = 13 + .06x

The value of x at equilibrium is =

The value of p at equilibrium is =

The consumers' surplus at equilibrium is =

The producers' surplus at equilibrium is =

Reference no: EM131392628

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